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“Hedge funds took in $107.6 billion in the first 11 months of 2014, the largest January-November inflow since 2007,” said Sol Waksman, president and founder of BarclayHedge. “That’s a 61% jump from $66.9 billion in the same period a year ago.”
Hedge fund assets edged up to $2.40 trillion in November from $2.39 trillion in October. Assets climbed 14.5% in the past 12 months and are down just 1.6% from the all-time high of $2.44 trillion in June 2008.
The monthly TrimTabs/BarclayHedge Hedge Fund Flow Report noted that the hedge fund industry gained 0.7% in November, recovering from October’s loss of 0.3% but underperforming the S&P 500, which rose 2.7%. In the past 12 months, hedge funds returned 4.5%, while the S&P 500 rose 16.9%.
“Equity Long Only funds performed best in November, gaining 2.3%, while Fixed Income funds had the strongest inflows at $4.4 billion,” said Waksman.
The monthly TrimTabs/BarclayHedge Survey of Hedge Fund Managers finds that hedge fund managers’ optimism on U.S. stocks hit the highest level of the year in December. Bullishness on the U.S. Dollar Index is at the highest level in the four-year history of the survey. Similarly, a record-high percentage of managers expects developed market equities to outperform emerging and frontier market equities in the next six months.
The TrimTabs/BarclayHedge database tracks hedge fund flows on a monthly basis. The TrimTabs/BarclayHedge Hedge Fund Flow Report provides detailed analysis of these flows as well as relevant topical studies. Click here for further information.
BarclayHedge is a leading hedge fund data vendor and one of the foremost sources for proprietary research in the field of alternative investments. From its origin as a research specialist and performance measurement firm, BarclayHedge has developed complete client services as a publisher, database and software provider, and industry consultant.
TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity--including mutual fund flows and exchange-traded fund flows--as well as weekly withheld income and employment tax collections. Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990. For more information, please visit us here.
